June 30: NITI Aayog has stated that India’s rapidly expanding Global Capability Centre (GCC) ecosystem is well-positioned to power the country’s next phase of innovation-led economic growth.
According to the policy think tank, GCCs have evolved into strategic hubs for research, product development, digital innovation, artificial intelligence, and advanced technology services, playing an increasingly significant role in global business operations.
The report attributes India’s growing prominence in the GCC landscape to its large pool of skilled professionals, expanding digital infrastructure, and a supportive business environment. It also emphasises the importance of continued investment in talent development, innovation, and collaboration between industry, academia, and government.
NITI Aayog noted that strengthening the GCC ecosystem will not only enhance India’s competitiveness in the global knowledge economy but also create high-value employment opportunities and accelerate technology-driven growth.
The report calls for sustained policy support and a future-ready ecosystem to enable India to emerge as a leading global hub for innovation and enterprise services.